Economy of Lesotho
Population: 2.11 M (2018)
GDP per Capita: 1,299 USD (2018)
2,740 M.

GDP USD

(2018)

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1,200 M.

EXPORTS USD

(2018)

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2,310 M.

IMPORTS USD

(2018)

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39.30 %

PUBLIC DEBT

(2018)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.13 % (2018)
GDP of 2010 USD USD 3.00 B. (2018)
GDP Current USD USD 2.74 B. (2018)
GDP per Capita Current USD USD 1,299 (2018)
GDP per capita, PPP USD 2,857 (2018)
GDP per Capita, 2010 USD USD 1,412 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 37.67 % (2018)
Government Spending USD 1.03 B. (2018)
Government Debt % GDP 39.30 % (2018)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 76.85 (2018)
Trade Openness 128.01 % (2018)
Exports of Goods and Services % GDP 43.83 % (2018)
Exports Goods & Services USD 1.20 B. (2018)
Exports Annual Growth 7.38 % (2018)
Imports as % GDP 84.18 % (2018)
Total Imports USD 2.31 B. (2018)
Foreign Direct Investment % GDP 1.45 % (2018)
Foreign Direct Investment USD 0.04 B. (2018)
Current Account Balance % GDP USD -0.15 % (2018)
Current Account Balance USD 0.00 B. (2018)
Trade Balance % GDP -40.35 % (2018)
Trade Balance USD -1.16 B. (2018)
Foreign Exchange Reserves incl Gold USD 0.73 B. (2018)
Remittances % GDP 15.72 % (2018)
Remittances USD 6 M. (2018)
Balance of Payments USD 186 M. (2018)

Labor Market

Indicator Value
Labor Force 0.96 M. (2019)
Unemployment Rate 23.48 % (2019)
Unemployment Rate Females 27.12 % (2019)
Unemployment Rate Males 20.34 % (2019)
Youth Unemployment (ages 15-24) 33.01 % (2019)
Labor Force Participation Rate 67.11 % (2019)
Labor Force (Percent Female) 45.24 % (2019)
Female Labor Force Participation Rate 59.82 % (2019)
Male Labor Force Participation Rate 75.10 % (2019)
Dependent People 60.30 % (2018)

Agriculture Sector

Indicator Value
Forest Area 1.60 % (2016)
Forest Area km² 500 km² (2016)
Agricultural Land 77.64 % (2016)
Agricultural Land km² 23,570 km² (2016)
Employment 66.57 % (2019)
Value added % GDP 6.00 % (2018)
Agriculture Value added USD 0.16 B. (2018)
Crop Production Index 84.80 (2016)
Precipitation 788 mm (2014)
Arable Land 12 % (2016)
Cereal Yield 987 kg/hectare (2017)
Food production index 95 (2016)
Rural Population 72 % (2018)
Fertilizer use of Arable Land 95 (2016)
Livestock Production Index 100 (2016)
Economy of Lesotho

According to the World Bank and its latest published data, the economy of the Lesotho presents a growth rate of 1.13 % (2018) to the previous year.

With a population that reaches 2.11 M (2018) and a gross domestic product of USD 2.74 B. (2018), it translates a Gross Domestic Product per Capita of USD 1,299 placing its inhabitants on the threshold of an Lower middle income country (according to the World Bank's updated classification).

Lesotho also has a workforce of 0.96 M. (2019) with an unemployment rate of 23.48 % (2019), where women represent 27.12 % (2019) and men 20.34 % (2019), the unemployment rate for young people between 15-24 years old stood at 33.01 % (2019). The total number of dependent people stands at 60.30 % (2018).

The central government spent 37.67 % (2018) of its gross domestic product that year, which in absolute terms is USD 1.03 B. (2018). Its consolidated public debt reached 39.30 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Lesotho exported USD 1.20 B. (2018), which represents 43.83 % (2018) of its gross domestic product, in that same sense its imports reached USD 2.31 B. (2018) with a direct foreign investment of USD 0.04 B. (2018).

Lesotho has a forest area of 500 km² (2016), which represents 1.60 % (2016) of its total area, an average rainfall of 788 mm (2014) per year and a population of 72 % (2018) living in rural areas. With a total area of 23,570 km² (2016) available for agriculture and 66.57 % (2019) of its employments, the agricultural sector contributes to the economy of the Lesotho about USD 0.16 B. (2018) (6.00 % (2018) of its GDP).